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leaders today, and push for his plan to save the economy from the so-called fiscal cliff. this worst-case scenario means tax hikes and spending cuts totaling trillions of dollars... would automatically jump into effect at the beginning of next year. if the president and congress can't reach a deal on the debt. the white house and lawmakers created this deadline last year when they failed to reach an agreement on the deficit. the president is calling for one-point-six trillion dollars in new taxes on companies and the wealthy. yesterday, the president made his case to labor leaders. we're committed to preserving the tax breaks for the middle class. making sure that they pay their fair share. president obama plans to meet with congressional leaders from both parties on friday. she must >> run for reelection to her minority position. no democrat has made a move to seriously challenge her. >> the seventh award alderman sandy jackson's get the city council meeting this morning and is not commenting on a wall street report she may have been involved in spending campaign cash on furnitu
. as america demands compromise, on growing the economy and avoiding the fiscal cliff. the president today hosted an old fashioned lefty summit filled with labor chiefs and foreign liberal groups. he went to them ahead of business and the politicians are going to come later on friday. they are going to consider mitt romney's plan. he lost the election but might his ideas win out in the end? plus obamacare, continues to take it's toll on jobs. and one ceo's comments about it's plan are spurring a national movement to eat pizza. 48 days until the biggest tax hike in the history of the planet earth. president obama put labor and local interest groups to who knows what. senate minority leader had the perfect response on the senate floor today please take a lis ebb. >> the amount of revenue that they are prepared to put usual over the cliff over wouldn't fund the government for one week. so why in the world would we want to do that? what is the point? to make people feel good about whacking somebody else. >> so what is your answer to what mitch mcconnel said? go after rich people. why do it at
something that will put this country on the long term path to a sustainable, strong economy like we need to create jobs. >> you were called the ultimate facilitator when you were in washington working in the first bush white house and you were incredibly successful in getting through some very tough initiatives in the second bush white house. how would you go about bringing these two sides together? what do you think is the key here for actually getting a deal done if you were the facilitator trying to bring these two sides together? >> i think the key to getting the deal done, sue, is to put yourself in the other person's shoes, realize it is very early in the game and realize on both sides that anything you say, anything you do can have an impact on locking people in to positions that you do not want to lock them in to. you want to keep people in an open space with open minds so you can move the pieces around and find the right combination that will keep us from going off the fiscal cliff. i think you also have to realize that you have people on both sides who it's not going to be a ma
our economy and create jobs and the decisions we have to make in the coming weeks to help that come about. it is part of governing that these issues arise and we have to deal with them. >> this is a question on the fiscal cliff. you say he will not sign any bill that extends the bush cuts. it is highly unlikely that he would get a bill like that. how open is he to the notion that -- in terms of going forward? is he willing them out completely? >> i am giving you a pretty good printers on the president's thinking going into the process that he said it begins with the specific proposal he has before congress, a plan that achieves balance and that allows us to continue to invest in important areas of the economy. he has not been wedded to every detail of that plan. i will not negotiate hypothetical details. i was side speaker banner and say i am not in the position of boxing ourselves and others. he looks forward to the meeting with leaders in congress. and as clear principles fam belief that we can reach a compromise is comparable. it would allow us to address the fiscal cliff challen
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money in washington. what's choking our economy and what's choking the economy of greece, but, entitlements are choking us and we've got to make the real reforms to make sure that we do it right. we protect these programs and thirdly, speaker boehner said it very well, i thought he showed great leadership that revenues need to be on the table. again, we need to do it in the right way. bowles-simpson said reduce the reductions where you can, lower tax raets by doing that. george, we got to get this economy going again. we have had an outside group ernest and young look at raising of taxes on the highest income earners. we would lose 700,000 jobs in america. is that the kind of economy that this president wants to start out with in his second term? i don't think so. president obama said two years ago, now is not the time with a sluggish economy to raise taxes. we need to consider the fact that folks who started raising taxes on the business creators. there's a right way to do this and there's a wrong way to do it. and speaker boehner was absolutely correct, you have to have reve
what i said on friday. right now, our economy is still recovering from a very deep and damaging crisis. so our top priority has to be jobs and growth. we've got to build on the progress that we've made. because this nation succeeds when we've got a growing, thriving middle class. and that's the idea at the core of the plan that i talked about on the campaign trail over the last year, rewarding manufacturers and small businesses that create jobs here, not overseas, providing more americans the chance to earn skills that businesses are looking for right now. keeping this country at the forefront of research, technology, and clean energy, putting people back to work rebuilding roads, bridges and schools and reducing our deficit in a balanced and responsible way. on this last item, we face a very clear deadline. that requires us to make some big decisions on jobs, taxes, and deficits by the end of the year. both parties voted to set this deadline. and i believe that both parties can work together to make these decisions in a balanced and responsible way. to meet with labor and civic leader
the economy today. he reminded america that there was an election on tuesday and the people have spoken. the president spoke from the east room of the white house surrounded by middle class americans. he's ready to lead on fiscal challenges facing this country. >> the american people voted for action. not politics as usual. you elected us to focus on your jobs, not ours. and in that spirit, i have invited leaders of both parties to the white house next week so we can start to build consensus around the challenges that we can only solve together. >> no heavy hand, no arrogance whatsoever. if there's one word to sum up the president's presentation today, it's this. consistent. the guy who gave the speech is the same guy who we watched on the campaign trail for the last seven months. americans want cooperation when it comes to a deal on the united states economy and the president is delivering his side of the bargain. >> we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spending cuts with revenue. that means asking the wealthiest ameri
today that the economy is on the upswing, and you might be driving it. good morning, everyone. welcome to "weekends with alex witt," let's get to what's happening right now out there as we have new information today on the shocking resignation of cia director david petraeus. we have now learned the fbi opened an investigation into his biographer, paula broadwell, for allegedly accessing petraeus' e-mails. all this just a week before the general was set to testify before congress on the benghazi attack. joining me now is greg miller, national security correspondent for "the washington post." greg, what a morning. let's get right to it. i'd like to hear the latest that you've learned. >> well, you know, the big question now is what is the reason for this fbi investigation into this e-mail? and it does look like this is an access to a personal e-mail account. so, this is not a case, as it initially appeared yesterday, of david petraeus coming forward to clear a guilty conscience or something. this is a case where he was flushed out in the open by an fbi investigation that had to do with s
everyone will be affected if there is no deal. it could throw the economy back into recession and cost no income families about $2,000 more next year. those are some of the latest headlines on c-span radio. [video clip] >> i enjoyed watching book tv -- >> i enjoy the rebroadcast of various television news programs. i like that they provide coverage without the sound bites. it really gives me an opportunity to consume as much information on what is going on. c-span is a great way to kind of get an unfiltered view of the day's events. >> c-span, created by america's cable companies in 1979, brought to you as a public service by your television provider. >> "washington journal" continues. ,ost: we're back with evan bayh now co-founder of the no labels organization. let me begin with the petraeus resignation. is your reaction -- what is your reaction? guest: it is if personal tragedy. he was doing a fabulous job as director. we're fortunate that we have a great leadership team. michael morrell house now now stepped- hasno in. host: did he have to resign? guest: my own answer is yeah, i thi
with the economy. but immigration and what kind of a country we're going to be going into the 21st century more deeply with china and brazil and india and those competitors we have out there now. young people not being able to get a job. the manufacturing base changing. so i do hope that the president does have a strong concept of where he wants to go and how he wants to get there. look, be he's the first african-american president gets re-elected as an african-american president. those will be more than asterisks in history. now it's about legacy, andrea. it's about what did i accomplish. not just that i was unique as a candidate but would i leave behind for jen rags yet to come -- generations yet to come. >> you spent so much time with the military, the troops in iraq and afghanistan and wars going back. how damaging do you think it is to the morale when two of the most celebrated four-star generals, one is involved because of his acknowledged misconduct, the other peripherally involved, we now believe, because he got an e-mail, turned it over to authorities and now perhaps seen as a witness
in this crummy economy. starting off in the green. let's go to the full the new york stock exchange, cisco had been helping keep us green, but not so much now. nicole: the dow down three quarters of 1% packing up the losses we saw last week, getting any economic news. the stock market struggling overall, but still the geopolitical concerns. the president coming out to talk about taxes and such. still worried about the fiscal cliff to name a few. the nasdaq down half a percent actually slipped into correction territory off of the highs in september. and let's take a look bucking the trend, other names have been hit hard, for example. here's a look at cisco systems coming out with the quarterly numbers, there is some good news there. lori: appreciate it. melissa: president obama's first news conference since his reelection. the white house and congress will attempt to work together, maybe, to find a compromise. peter barnes is at the white house. what do you think we can expect? >> i think we will hear a lot about petraeus, benghazi, general allen, the sex scandal, fbi, cia. all they have to do
that will make a difference in the future economy of this country. we are in a mess. he is in a position like a lot of previous presidents. he's got to be thinking, am i going to leave a disastrous legacy in the hands of our grandchildren? or am i going to step up and lead? i used to get criticized because i was a deal maker. i talked to people like joe lieberman, we would find a way to get things done. you have to give a little to get a little. doesn't wind up getting you in trouble? oh, yes. but after all, that is what this is all about. the president has said himself, and i quoted him in an article that may run in the "washington post" tomorrow, he says america deserves better. it begins with him. mcconnell has to be engaged. harry reid has to be engaged. we are at a profit this year. maybe it is the fiscal cliff. but we have to act on a lot of really serious things and we had some of it now. we have to do a lot of it next year. if they do the right thing, that our country will benefit the legacy will be secure. so i want to open this up. a lot of people in this room are engaged in this ef
this administration, under republican administration. >> reporter: experts warn of serious damage to the economy if the standoff drags on. >> if three or four weeks from now they're making no progress at all, you're going to see the anxiety and the nervousness growing both in the markets and in corporate boardrooms. it's going to be a rough two months for the u.s. economy. >>> two weeks after the destruction from hurricane sandy, victims are still trying to put their lives back together. more than 100,000 homes and businesses in new york and new jersey are without electricity as they struggle to rebuild. a 77-year-old man has died of injuries from a fall as sandy hit new york, bringing the city's death toll to 43. janet napolitano visited with disaster relief victims. >>> now for a look at your weather, here's bill karins with a weather channel forecast. very good morning to you. >> have a good weekend? >> i did. it was nonexistent. i'm just kidding. it's coming up, actually. so it's okay. >> i understand that. some of us work weekends every now and then. here's what we're looking at today. big
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cliff -- this affects the whole economy of this country going forward. one of the big questions is going to be that republicans are saying we don't want to see any rate increase, we just want to see revenues through closing loopholes, top administration officials, including secretary tim geithner, he says we want to see rates increase for upper income people. we will see where the president comes down with that. that will be a big issue. on friday, he will meet with congressional leaders. also, if he's willing to put on the table what he did in august of 2011. that is major cuts to entitlement, social security, medicare. and of course, questions about benghazi. he has never fully accounted about the warnings beforehand. you know, did he know that there were all these warnings about security, lack of security in benghazi at the consulate in august. that is a month before the attack. of course, david petreaus -- when did he hear about it? and if he did not hear about it, until last week about the election -- why not? is he upset about our? megyn: that's right, does he have any issue with t
the economy stronger white a set of commitments to finance, a high level of public investments in infrastructure and education and a lot of bipartisan support for that. i think there's a lot of support for doing the obvious things you have to do. you have to pass an extension tax of the amt is very important to do. you listen carefully there's a lot of support for trying to make real progress on the long-term fiscal soundness. there's a lot of benefit in doing that for the economy. how you do that is important. so i think this is a solvable problem and we want to do as much as we can to take an advantage of this opportunity to make some progress in each of those fronts. >> there's one thing about which they're doesn't appear to be a lot of agreement and that is should the bush tax cuts on the overt and hundred 50,000 crowd be extended or should taxes be raised? >> i heard jay carney an hour or so ago say the president will not agree to anything that extends the tax cuts on the upper brackets. that sounds like a line in the sand; is it? >> i do think it's important to start by a
lines for these tax cuts that would cause damage to the economy if they're not dealt with. extending those tax cuts for 98% of the american people would deal with more than half in dollar terms of the impact caused by the fiscal cliff. there are other challenges we need to address including the sequester but congress ought to, the house ought to pass those tax cuts right away because it would send a tremendous positive signal to the american people that in the wake of this election, we can at the very least, come together and convert into law a bill that everyone agrees should become law, republicans and democrats alike, the president included. and we will then continue to work on those issues where we have broader disagreement. and that's where the president has invited leaders of congress to the white house next week. that's why he will be meeting with business leaders and labor leaders and others to get their ideas about how to move forward. he does have his own very specific plan that reduces the deficit by $4 trillion, that does it in a balanced bay and we can invest in research
-- i'm not saying the campaign should have been run on them. the economy was obviously the major issue. but you can't take a crouching position if you're a member of a party that believes that all of our children should be welcomed into the world, for example, and protected by the law. >> governor, do you agree with that? >> well, i'd have to say that the republican party needs to decide whether it wants to win or lose going forward. >> and what do you think that would allow you to do? >> well, when we're talking about the party, we're losing. when we're talking about america, we win. so in embrace of all people, in articulation of a vision, people don't want to be moralized to, they don't want to be lectured to, they want to live their lives. they want an economy that works, jobs, opportunities, schools that educate the next generation. and they want to be left alone. and the sooner that we as a party can get around that and start preparing for the 21st century, which is really the discussion that we need to have, how you prepare for the most competitive years ahead in a high liu comp
. >> probably. stuart: could go up. >> yeah. stuart: but tell me how you get serious growth in the economy with this set of policies that the president's laid out? how do you get 4, 5, 6% growth? how do you get there with this? >> because you just can't raise taxes and you just can't cut. you also have to make investments and tackle the deficit. you have to do all four. no one thing is going to fix this mess and everybody knows that. >> okay, look. >> yes. >> are you going to tell me, are you going to smell out the economics of it. that you raise taxes and you raise spending on education infrastructure and that you think that will give us 4 or 5% growth. really? >> no, and we're going to make cuts and we're going to tackle the deficit. >> going to promise to make cuts down the road. the president has not said. has not laid out any plans to reform entitlements, i mean, change their structure. he's just going to keep on paying. >> stuart, not yet. i mean, that's why there are negotiations and frankly, the democrats have a much stronger hand than they had in 2010, 2011 and the republicans kno
economy, stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground. i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. >> that was speaker of the house, john boehner, talking about the looming fiscal cliche. republicans are ready to sit down at the table with president obam a. but is he prepared to compromise? listen to when he had to say earlier today. >> i want to be clear. i am not wedded to every dedale tail of my plan. i am open to compromise. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 are not asked to pay a dime more in taxes. i am not going to do that. i want to point out, this was a central question during the election. it was debated over and over again. and on tuesday night, we found out that the majority of americans agree with my approach. and that includes democrat independents and a lot of r
-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. plo. >>> shakeups and shakedowns. we can expect some president obama has invited congressional leaders to the white house next week to try top find some common ground on a drastic budget cuts set to take effect january 1st. while they are pledging compromise, both seem to be digging in on the bush tax cuts. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. on tuesday we found out that the majority of americans agree with my approach. democrats, independents, and some republicans. >> instead of raising tax rates and accepting the damage it will do to our economy, let's start to solve the problem. let's focus on tax reform, that closes loopholes and lowers tax rates. >> let's bring in reed wilson. good afternoon to both of you. >> good afternoon. >> let me start with you. are we in for a new era of cooperation? is the end to the gridlock behind snus. >> well, i think it's a little too soon to get t
about in the election. >> i need to know that they should focus on creating jobs and growing the economy. >> we have a jobs crisis. >> we're going to create one million new manufacturing jobs. we're going to train two million workers. >> the answer isn't government. the answer is more good jobs. >> what happened to jobs? when are we going to talk about jobs? >> it's really funny because during the campaign trail, both romney and the president they voided the whole fiscal cliff. there was little talk about what washington will have to do. here we are and have to deal with the major issues that could have a negative impact on the economy. the people who were pushing big deficit packages, even the business communities say, if we get a deal, that would be good for the economy and grow jobs. but if there are tax increases, that could set the economy back. something the cbi warns if nothing happens could send the economy back into recession. the message in washington is how do we avert this crisis. it's not how are we going to create jobs right now. >> i guess we'll have to wait a little longe
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slow down our economy. >> president obama from his part came into the east room. he also drew a line, but the line he drew was not insisting on higher tax rates but on higher tax revenues. >>> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges, but i refuse to accept any approach that isn't balanced. >> so, larry, balance is the key for president obama, not necessarily increases in tax rates. signs of conciliation on both sides and late this afternoon the bipartisan policy center which has been pushing for a simpson bowles-type solution said they were encouraged by the flexibility shown on both side says. john harwood, appreciate it and let's get reaction, and we have republican whip senator john kyl from arizona and senator kyl as always, sir, thank you for coming on and let me just ask you, is this a new era of good feelings and is this an era of compromise and is this an era of common ground, mr. kyl? >> kumbaya. well, we hope so and you focused on precisely the issue here and maybe from what the
administration. >> reporter: experts warn of serious damage to the economy if the standoff drags on. >> if three or four weeks from now they're making no progress at all, you're going to see the anxiety and the nervousness growing both in the markets and in corporate boardrooms. it's going to be a rough two months for the u.s. economy. >> reporter: and lester, as the clock ticks with the two sides still at odds, they'll try to take the first steps towards common ground on friday here at the white house when the president hosts the entire congressional leadership. >> mick viqueira, thank you. >>> tomorrow marks two weeks since sandy roared ashore here in the northeast, wiping out homes, leaving families with nowhere to go as they try to even think about how to pick up the pieces. a housing crisis that has the feds scrambling to help them. nbc's michelle frandsen is in staten island with more on that. good evening. >> reporter: good evening. this distribution center is the hub for this darkened neighborhood on staten island where people can come and get a hot meal and also much needed supplies. to
on message and move on to the economy? >> well, is he going to be trying to turn this to the economy, suzanne, but the fact is he will be definitely getting questions about the scandal, about general petraeus, and certainly about his faith in general allen, so that is going to be a topic. he will try to pivot to the economy and to talk about the fiscal cliff, which is obviously his number one priority trying to get that resolved, and we also expect that he will be here talking -- or he will be asked about benghazi. this will be his first press conference since that september 11th attack in egypt that killed u.s. ambassador chris stevens and three other americans. as well, would you expect them to be asked about cabinet -- or, pardon me -- in libya, and you would expect him to be asked about the cab -- potential cabinet shake-ups as well. you said he hasn't had an extended press conference since march. that's true. there are a lot of outstanding questions, and he will be asked probably about all of them today, suzanne. >> imagine it's going to be taking a while to get through all of these, and
that what voters care for our jobs and the economy. immigration is either number two or number 3 on their list of things that they care about. it is much higher in places like arizona. it is the number two issue among hispanics. my sense has been that i do not think hispanics always want to be associated with immigration. it is difficult to separate the immigration conversation from them because it is so integral to their lives. 60% of hispanic voters know somebody personally that is undocumented and they could be dating that person or it could be there brother or father. i have talked to people about this. hispanic advocates tell me that it is hard to separate immigration from them. that could change if there is a revolution. they are the driving force behind it. host: a couple of facts from the pew center. people ages 98-29, the youth -- people ages 18-29 make up about a third of all eligible hispanic voters. guest: this is an issue that is closer to their hearts. host: the projected population growth among the latino community. made up of about 17% of the population in 2011. i
's economy. can you put that number in perspective? 700,000 fewer jobs. >> i can put the report in perspective. it was turn ired by independent businesses that don't want to see their tax rate increased. it is counter to all other studies that i have seen on this thing. that report got in to my inbox and got deleted. >> okay. thank you for your honesty. >> doesn't make sense. it doesn't make any sense at all. >> you hear the number but thank you. that is what i was trying to get at. we heard president obama say if congress fails to come up with a deal by the end of the year, everyone's taxes will be going up. it would be bad for the economy. i was reading new york times this morning op-ed piece that said it may not be a bad thing if we drive over the fiscal cliff. it is worth points out the fiscal cliff isn't really a cliff. it's not like the debt ceiling confrontation where terrible things might with well have happened right away if the deadline had been missed. he goes on, this time nothing very bad will happen to the economy if the grooimt agreement isn't reached until a few
threat to the schools and the northern virginia economy is sequestration. economists predict up to a half million jobs could be lost in the d.c. area. that would lead to vacant buildings and a sharp decline in commercial real estate taxes which is a major source of funding for local governments. foust grew up in johnstown, pennsylvania where steel mills created a bustling economy. today the mills are abandoned and jobs are scarce. >> it has certainly been nice to have the federal government fall back on the government contractors and government employment, but personally i'm from an area that relied on the steel mills until it was too late and there was no diversification. the steel mills closed. i don't want to see that happen to fairfax county. we want to diversify our economy and be less dependent on government contracting in the long run. >> reporter: peggy fox, 9 news now. >>> a passenger's erratic behavior causes a united flight bound for dulles to make an emergency landing. that flight coming from denver had to land 13 minutes earlier last night. we talked with one passenger who w
of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> well, it didn't take long, talk of compromise, post postelection, turning into stalemate. john boehner and barack obama not budging as we rapidly approach the fiscal cliff. >> 2013 should be the year we begin to solve our debt through tax reform and entitlement reform. i am proposing we avert the fiscal cliff together, in a manner that insures that 2013 is finally the yirr that our government comes to grips with a major problems that are facing it. >> on tuesday night, we found out that the majority of americans agree with my approach. and that includes democrats, independents and a lot of republicans, across the country, as well as independent economists and budget experts. that is how you reduce the deficit, with a balanced approach. >> four years of the obama administration, and the econo
common ground. >> well, clearly the deficit is a drag in our economy and we can't continue to spend money that we don't have. i don't want p to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president but this is his opportunity to lead. >> i want to be clear, i'm not we hadd wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. but i refuse to accept any approach that isn't balanced. >> joining us now is a man who knows all about bipartisanship and compromise. former senator george mitchell is joining us. you were majority leader from 1989 to '95 during a time when senators and house members were actually friends. and i mean those on opposite sides of the party. so do you think the president and the house speaker's words this go around really will lead to some compromise or has a new page been turned here? are you encouraged? >> i'm hopeful about it. the day i was elected majority leader, the first person i called was bob dole, a republican leade
economies for the second terms. that emboldened them to be braver than they might have been. are you hoping you are going to get the kind of economic security if not prosperity in this term that will allow you to do, perhaps, the things that barack obama when he sailed in on hope and change hoped he could do? >> well, piers, i do believe the economy is improving. but i want to challenge a bit of your premise, because one of the reasons the economy is improving is because this president was brave. it was brave to intervene and save the auto industry, which was not a popular decision at the time. it was brave to move forward on the recovery act. which again was not popular at the time. and still is the source of controversial, because without that, we would have slid into a second great depression. it was brave to stand up the financial industry when it was on the brink of collapse. even though that was an unpopular thing to do. because he understand that we needed to do these things to move the economy forward, and now we are reaping the benefits of that bravery and good decisions because th
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